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Suggested Stock Picks for May 2008
There are some great bargains in the stock market right now. Here are a few to think about:
Endeavour Silver (EXK) - great junior producer with mines in Mexico making money and growing. Market has fled from silver shares recently, an overreaction. Get EXK under $3.50 and hold it until silver hits $25-30. Then sell 30% and keep holding, unless there are signs of political craziness in Mexico.
Silver Standard Resources (SSRI) - vast holdings and mines coming into production. Cheap.
Ceradyne (CRDN) - ceramic expert making protective armor and ceramics for manufacturing and solar power. Market has fled thinking that we will be giving up on war and war contracts. Great time to buy.
Crocs (CROX). They were trading at nearly $50 a few months ago and have plummeted to $11 and a P/E of about 6. For a brand that still has a lot of recognition and enforceable IP, that's insane. Yes, there is competition - but it's been prized in several times over. Crocs is a steal at $11.
Orion Energy Systems (OESX). Booming green business making lighting more energy efficient for many customers. Growing and very creative, with rich intellectual property. I've met Neal Verfurth and greatly respect his vision and accomplishments. Brilliant. I've also toured their manufacturing facility near Manitowoc. Wow. Innovation at every turn. I'm impressed. Bought some at $13 in January, and bought again at $8 after Wall Street punished OESX for not playing their short-term focus games (my opinion of what happened). This is one for long-term growth and real market leadership. Get it under $13 while you can.
Celgene (CELG) is still a favorite among pharma/biotech leaders, along with Sangamo Biosciences (SGMO). Both are cheap now.
Other recommendations: Dennison Mines (DNN), Flotech (FTK), and either Frontier Oil (FTO) or Marathon Oil (MRO) for a cheap refiner.